- Avino Silver & Gold (NYSE:ASM) -17.1% premarket after announcing plans to sell 6.37M units in a bought deal offering at $1.57/unit, with an underwriters option to purchase up to another 955K units; if the over-allotment option is exercised in full, gross proceeds from the offering would total ~$11.5M.
- ASM says it plans to use the proceeds to advance the exploration and development of its Avino Mine in Mexico and at the Bralorne Mine property in British Columbia, and for general working capital.